Kevin Hart Net Worth

How much is Kevin Hart worth?

About Kevin Hart

Kevin Hart is a highly influential celebrity, best known for his stand-up comedy acts and appearances in movies like Night School, Ride Along, and Jumanji: Welcome to the Jungle. Kevin first started developing comedy as a coping mechanism to help deal with his challenging family life. He was raised in a single parent household by his mother, Nancy Hart, while his father was a cocaine addict who was in and out of a jail cell for most of Kevin’s childhood.

Kevin began pursuing a career in stand up comedy after he performed at a club in Philadelphia called “The Laff House”. He performed under the name Lil Kev, and it went horribly, much like the entirety of his early career. He was booed off stage multiple times, and once an audience member even went so far as to throw a piece of chicken at him. Despite the terrible response he got, Kevin kept trying. He entered comedy competitions throughout Massachusetts and things began to get better. Audience receptions of his performances slowly got improved, and he was no longer being booed off stage after that.

Kevin made his film debut in the 2002 film Paper Soldiers, and gained prominence and recognition through his performances in other films, such as The 40-Year-Old Virgin and the Scary Movie franchise. Kevin also began comedy tours in 2009. His first act was titled I’m a Grown Little Man, his second called Seriously Funny, and his third, Laugh at My Pain in 2011. Laugh at My Pain earned Kevin an estimated $15 million dollars, making it one of the top selling comedy tours of the year.

Kevin launched his own comedy streaming service, called Laugh Out Loud, or LOL Network. LOL Network features comedy shows that are exclusive to it, and Kevin also has a YouTube channel where he produces original comedy content. He has also earned from his tours. The “Irresponsible Tour” consisted of 120 shows across the world, while the “What Now?” Tour consisted of over 160 shows.

Aside from his many shows and tours Kevin also has endorsement deals with several companies, such as Mountain Dew. Hart also mentioned on JRE that he has Hart Real Estate, Hart Entertainment and a number of subsidiary companies under his umbrella.

Hart’s Total Net Worth

Kevin Hart’s career took off unlike just about any other comedian in history. He has earned plenty from his appearances in movies but he has earned far more from his comedy tours. Between 2017 and 2019 Hart went on a mind boggling tour aptly named the “Irresponsible Tour”. It included 119 shows and earned him around $90 million dollars.

It certainly pushed the boundaries of what is “responsible“, especially after having completed 169 shows on his “What Now?” tour between 2015 and 2016, but that’s the thing about Kevin, he has managed to achieve what most would consider unachievable and become one of the highest earning comedians in history in the process. In total, it is estimated that between his comedy tours, his acting work, his writing, his producing, and the appearances that he has made as himself. Kevin Hart has earned around $275 million dollars.

Of that amount, $20-30 million is expected to have been paid in business related costs. The remainder, $250 million, will have been taxed at a rate of around 50% as Hart has been residing in the state of California. After tax, it is estimated that his career earnings are at around $125 million dollars, having paid around the same amount in taxes.

Kevin Hart’s media company, HartBeat raised $100 million from Abry Partners, a private equity firm in Boston. Abry acquired a 15% stake at a valuation of $650 million. It seems that Hart himself is the sole owner of the remaining 85% shares, thereby, based on that, one could argue that he owns $552.5 million dollars in equity.

In his investments, Hart has been known to branch out into many different sectors. He has acquired real estate, he recently bought a mansion in Calabasas, California for $7 million for himself, however he is also estimated to own some $30-50 million dollars in property investment holdings. On top of that, he is also an investor in stocks and other securities. It is likely that, even after factoring in likely losses and costs, that Hart is up about $35-45 million on his investments.

Kevin Hart married Torrei Hart in 2003 and they divorced eight years later, in 2011. They had two children together, Heaven and Hendrix Hart. As part of a divorce settlement agreement, Kevin was ordered to pay Torrei $175,000, no doubt as there had been a prenuptial agreement. He was also ordered to pay $19,785 per month in child support. Kevin later married Eniko Hart in 2016. A prenuptial agreement was signed protecting Hart’s assets. They have two children, Kenzo Kash and Kaori Mai Hart.

Kevin Hart’s total net worth depends on how much one values his share of his media company, HartBeat. Abry Partners made an acquisition in the company at a valuation of $650 million, which could make Hart’s share worth as much as $552.5 million. Overall, however, it is likely more true to life to say that Hart’s net worth is closer to $500 million in total.

Kevin Hart’s commercial success comes from his distinctive style of humor, which is appealing to audiences across the world. His comedic skills and acting talent have launched him into international stardom, becoming one of the most recognizable comedians and actors in the world today. He was incredibly determined in his early career, and pushed through difficulties, developing his bits until audiences received him well. Since conquering the world of comedy, Hart has reinvented himself as a businessman which has more than doubled his net worth.

Summing-Up

Though his humor started as nothing more than a way to cope with a difficult childhood and family issues growing up, Kevin has since been able to build a fortune from it. He has becoming one of the highest earning comedians, and earned even more from his business efforts.